The value of the Euro has been going up relative to the US Dollar. The Yen and Yuan meanwhile have been kept from truly floating by Japan and China respectively. This will change. The Yen and Yuan will both rise against the Dollar. The Dollars value will drop even more.
Foreign governments will scramble to dump (convert) their petrodollar holdings. There will be a run on the dollar. Iraq tried it, and Saddam paid for it. Russia has done it. Iran and Venezuela have threatened it. China and others are already increasing their diversification of currency holdings.
The buying power of American consumers will drop. Inflation will be a strong pressure. The Fed will raise interest rates. The economy will slow. Foreclosures will rise. Bankruptcies will rise. Unemployment will rise just when people need even lower-paying jobs. Investor metal prices will rise, and those who stole the US gold will profit nicely at the expense of the rest.
You can thank, among others, most every US president for this.
This is all a deliberate seesawing of the global economy. The rich get relatively richer by it. They anticipate it. They set it up and do their insider-investing in advance accordingly.
The tax cuts for the wealthy have simply meant that it now takes more than two fulltime incomes to do what it took only one to do two generations ago.
One remedy is to soak the rich with taxes until the relative net income of the rich is back to where it was in the early 1950's. Rather than making hundreds of times what the frontline worker makes, they would be back to making about four or five times that amount. This would mean that the rest of society would generally share through governmental programs all that is now being hoarded by the ultra-rich. Free college and post-graduate education, free medical care, free mass transit, and many other things would be possible. Try getting that through the Congress without being assassinated by the banker's hit men.
Another way is for the stockholders to demand for the sake of the general society that the compensation to managers and executives be capped at that fourfold level. Then, a flatter tax where the revenue goes primarily to everything other than the military would be more feasible. It wouldn't go through either though. The stockholders are vested in the military-industrial complex. The greedy would just scheme the destruction of the plan.
There are many ways to attempt to skin a cat as they say, but skinning the cat isn't the task at hand. Doing away with greed, violence, and depravity in the heart of each person is the only avenue. The cumulative, magnifying effect of that is the only solution.
Look the reason the poor are getting poorer and the middle class is shrinking is because the rich are hoarding more. When the rich point to China a few decades ago or Cuba now to say that there are no rich there so why are they poor, the rich conveniently leave out the trading blockades they had on China and have on Cuba now. If Cuba had been allowed to just trade freely, it would not be poor. Even still, Cuba's poorest are better off than America's poorest. Think about that.
Why do America's poor and middle class support the ultra-rich who are raping them non-stop? Why don't they see that the ultra-rich are nothing but parasites bound and determined to stop all fairness and justice?
Support the Real Liberal Christian Church in bringing forth the Christian commons. Together, we can do away with usury and profiting at the expense of others and replace those evils with the giving and sharing economy called for by Jesus Christ.
The following should appear at the end of every post:
According to the IRS, "Know the law: Avoid political campaign intervention":
Tax-exempt section 501(c)(3) organizations like churches, universities, and hospitals must follow the law regarding political campaigns. Unfortunately, some don't know the law.
Under the Internal Revenue Code, all section 501(c)(3) organizations are prohibited from participating in any political campaign on behalf of (or in opposition to) any candidate for elective public office. The prohibition applies to campaigns at the federal, state and local level.
Violation of this prohibition may result in denial or revocation of tax-exempt status and the imposition of certain excise taxes. Section 501(c)(3) private foundations are subject to additional restrictions.
Political Campaign Intervention
Political campaign intervention includes any activities that favor or oppose one or more candidates for public office. The prohibition extends beyond candidate endorsements.
Contributions to political campaign funds, public statements of support or opposition (verbal or written) made by or on behalf of an organization, and the distribution of materials prepared by others that support or oppose any candidate for public office all violate the prohibition on political campaign intervention.
Factors in determining whether a communication results in political campaign intervention include the following:
- Whether the statement identifies one or more candidates for a given public office
- Whether the statement expresses approval or disapproval of one or more candidates' positions and/or actions
- Whether the statement is delivered close in time to the election
- Whether the statement makes reference to voting or an election
- Whether the issue addressed distinguishes candidates for a given office
Many religious organizations believe, as we do, that the above constitutes a violation of the First Amendment of the US Constitution.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
That said, we make the following absolutely clear here:
- The Real Liberal Christian Church and Christian Commons Project not only do not endorse any candidate for any secular office, we say that Christianity forbids voting in such elections.
- Furthermore, when we discuss any public-office holder's position, policy, action or inaction, we definitely are not encouraging anyone to vote for that office holder's position.
- We are not trying to influence secular elections but rather want people to come out from that entire fallen system.
- When we analyze or discuss what is termed "public policy," we do it entirely from a theological standpoint with an eye to educating professing Christians and those to whom we are openly always proselytizing to convert to authentic Christianity.
- It is impossible for us to fully evangelize and proselytize without directly discussing the pros and cons of public policy and the positions of secular-office holders, hence the unconstitutionality of the IRS code on the matter.
- We are not rich and wouldn't be looking for a fight regardless. What we cannot do is compromise our faith (which seeks to harm nobody, quite the contrary).
- We render unto Caesar what is Caesar's. We render unto God what is God's.
- When Caesar says to us that unless we shut up about the unrighteousness of Caesar's policies and practices, we will lose the ability of people who donate to us to declare their donations as deductions on their federal and state income-tax returns, we say to Caesar that we cannot shut up while exercising our religion in a very reasonable way.
- We consider the IRS code on this matter as deliberate economic duress (a form of coercion) and a direct attempt by the federal government to censor dissenting, free political and religious speech.
- It's not freedom of religion if they tax it.
And when they were come to Capernaum, they that received tribute money came to Peter, and said, Doth not your master pay tribute? He saith, Yes. And when he was come into the house, Jesus prevented him, saying, What thinkest thou, Simon? of whom do the kings of the earth take custom or tribute? of their own children, or of strangers? Peter saith unto him, Of strangers. Jesus saith unto him, Then are the children free. (Matthew 17:24-26)